Markets prepared for a drop in Eurozone Industrial Production in May - TD Securities

By FXstreet.com | July 14, 2014 AAA

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities expects Eurozone Industrial Production to fall by 1.6% in May.



Key quotes



"This is a bit below market expectations for -1.2%."



"We don’t expect much market reaction as after downside surprises in Germany, France, and Italy, so it’s already widely understood that May was a bad month for European manufacturing activity."



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